Iâm trying to fill in my tax declaration in Germany using Wundertax platform.
So, Any idea what does these fields mean or how can I calculate them using the current exported sheet?
Investment income (KapitalertrÀge)
Included Profits From Share Sales (Gewinne aus AktienverĂ€uĂerungen)
Saver lump sum used (Sparer-Pauschbetrag)
Foreign capital earnings (e.g. foreign accumulating funds)
Capital Gains Tax (Kapitalertragssteuer)
Solidarity Tax (SolidaritÀtszuschlag)
Church Tax of the Capital Gains Tax
Iâm only aware of the [Included Profits From Share Sales (Gewinne aus AktienverĂ€uĂerungen)] field which I think is the profit if I understood correctly.
Also, [Solidarity Tax (SolidaritÀtszuschlag)] And [Church Tax of the Capital Gains Tax] field should be 0 in case of trading 212, right?
It would be highly appreciated if someone did it before on Wundertax in Germany to give help here
Do you yourself transfer any data to German tax office on your users behalf? I mean German tax authorities would not know about my investment gains without me informing them? of course I have legally abide by the law to provide correct data. But just trying to understand the system.
I live in Germany but I speak only english and its really hard to find some informations in english. Can someone explain to me like Iâm 5 years old how taxes work.
Lets say for example I do 2 trades in one day. On first trade I lose 50 euro , on the second trade I make a 50 euro profit. Do I really have to pay taxes on the 50 euro profit one ? Or it canceles each other and you pay taxes at the end of the year for your total profits?
I would go with the assumption that they are legally obliged to do so. Even if not, I would assume they do and avoid risk of not declaring the investment income.
I just thought weâd have to put the 6 figures stated on the âconsolidated tax certificateâ somewhere (assumably in Anlage KAP, section 5)⊠I would not even claim the Quellensteuer back⊠But the different handling of the ETFs takes it to a completely other level. Luckily I am far from having to pay taxes on my profit⊠No matter how Iâll fill the form.
For the future I will think about switching to a German broker - no matter what fees they will charge they handle the tax-back for me⊠For sure I will continuosly get rid of my ETF holdings.
I think he refers to kap-inv for you need to fill about ETF holdings. Other than ETFs, filling in kap form should be straightforward, but calculations regarding ETFs might be more tricky.
I tried yesterday and to be honest I have no confidence where to fill what
Even for dividends received, I understood that thereâs difference from dividends from stocks and ETFs, so we are supposed to do all calculations manually⊠or am I missing something?
Getting the tax report was easy, just create a support ticket.
Filling the data is completely painful⊠since the report has a generic summary that doesnât fit on any country specific needs, so you basically have to translate the data in the report to the German form.
If you never did it, as for me, it will be a kind of blindly shot⊠you really need to research precisely what fields are necessary and try to extract this from T212 report.
Hi all, I am working on separating ETFs in the tax declaration, too.
It looks like they are not included in the addendum of the tax statement. I did only see there normal shares. Did you find them?
@Support
Can you maybe pair up with a tax office in Germany to make guideline or a tutorial how to use provided data with filling it correctly in tax declaration?`
This might also help to understand how your customers in Germany need the tax statement (this should also reduce work for your customer support by reducing requests)
Anyone been able to figure out how to fill german tax forms using t212 data?
ETFs taxation is quite complicated to do ourselves. I donât want to leave t212 but i am thinking of moving to scalable capital just for the sole reason that it directly files taxes.
using Wundertax platform.
